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Archive for November 20th, 2009

European Veg Oil PM Palm & Lauric Oil Prices – Nov 20

Friday, November 20th, 2009

Lowest known offers at 1745 local time in U.S. dollars a metric ton, bulk, with changes on the day unless otherwise stated as quoted by European traders: »

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MARKET TALK: ICE Sugar Remains Lower On Strong Dollar

Friday, November 20th, 2009

ICE Mar sugar futures continue to trade under pressure, after touching a 1 1/2-week low, amid wider commodity selling in response to a stronger US dollar and weak equity markets. The USDA revised 2009-10 global sugar output down 6.4 million tons to 153.3 million »

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MARKET TALK: CBOT Soy Mixed; Beans Face Choppy Two-Sided Trade

Friday, November 20th, 2009

CBOT soybean futures are hovering above unchanged levels in choppy, two sided trade. Light profit taking from the week's strong gains and bearish outside market influence are apply mild pressure to prices, traders say. However, speculative buying continues to »

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ICE Canola Futures Find Some Support From Weak Canadian Dollar

Friday, November 20th, 2009

Canola contracts on the ICE Futures Canada platform were trading in a mixed range at 9:47 a.m. EST with the nearby January and May contracts posting small gains. Weakness in the Canadian dollar and strength overnight in Malaysian palm oil futures helped »

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European Veg Oil AM Palm & Lauric Oil Prices – Nov 20

Friday, November 20th, 2009

Lowest known offers at 1315 local time in U.S. dollars a metric ton, bulk, with changes on the day unless otherwise stated as quoted by European traders: »

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Rotterdam Soybean Prices – Nov 20

Friday, November 20th, 2009

Lowest known offers at 1315 local time in U.S. dollars a metric ton, CIF Rotterdam as quoted by European traders. »

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Commodities Market Impact Weather: Mixed Weather Harvest Conditions

Friday, November 20th, 2009

Mixed Midwest harvest conditions, rain for the Delta crop areas, adequate soil moisture for Plains wheat, variable conditions in Brazil, more-favorable trends in Argentina, widespread rains in South Africa, and a reprieve from rain and snow central »

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US Cash Grain Outlook: Soybean Prices Soar To 10-Week High

Friday, November 20th, 2009

Spot soybean prices hovered at 2 1/2 month highs on the U.S. cash grain market Friday, as slightly stronger domestic basis added further impetus to a recent futures rally. Averaging nearly $9.81 per bushel, national elevator bids for soybeans have now leaped more than 50 »

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OIL FUTURES: Nymex Crude Weakens Along With Equities

Friday, November 20th, 2009

Crude oil futures weakened Friday as U.S. stocks opened lower and the dollar gained strength. Light, sweet crude for December delivery recently traded $1.08, or 1.4%, lower at $76.38 a barrel on the New York Mercantile Exchange, less than $1 above a »

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WORLD FOREX: Dollar Rallies Amid Concerns About Economy

Friday, November 20th, 2009

The dollar held on to its gains against the euro and other higher-yielding currencies Friday morning as revived concerns about how fast the global economy will rebound prompted investors to shun riskier assets. Declines in stocks, gold and oil that began earlier in Asian and European trading »

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Tanzania Coffee Prices Up On High Demand, Low Supplies -TCB

Friday, November 20th, 2009

Prices at Tanzania's Moshi coffee exchange auction Thursday rose on the week due to high demand and low supplies, a Tanzania Coffee Board official said Friday. The overall average price for a 50-kilogram bag was $8.75 higher on the week, an auction report by Tanzania »

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US Wheat Outlook: Weaker On Outside Markets, Profit Taking

Friday, November 20th, 2009

U.S. wheat futures are poised to start weaker Friday on pressure from outside markets, profit-taking and a lack of fundamental support, traders said. Chicago Board of Trade December wheat is called to open 4 cents to 6 cents per bushel lower. »

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GRAIN HIGHLIGHTS: Top Stories Of The Day

Friday, November 20th, 2009

China's grain output will be above 500 million metric tons in 2009 supported by another bumper harvest, Zhang Ping, chairman of China's National Development and Reform Commission, a powerful economy planning administration, said Friday. »

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CBOT Corn Outlook: Outside Markets Seen Pressuring Prices

Friday, November 20th, 2009

Bearish signals from outside markets are expected to put Chicago Board of Trade corn futures on the defensive early Friday after prices dipped overnight. Corn is called to open 2 to 5 cents per bushel lower. In overnight electronic trading, December corn sagged 3 1/2 cents »

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East African Trade Bloc Signs Common Market Treaty

Friday, November 20th, 2009

Leaders of the five-member East African Community bloc on Friday signed a common market treaty to allow free trade, movement and right of residence, the first of its kind on the continent. The presidents of Burundi, Kenya, Rwanda, Tanzania and Uganda signed the East »

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India Edible Oil Up On Global Mkt, Low Winter Oilseed Area

Friday, November 20th, 2009

Indian edible oil prices rose during the week ended Friday mirroring gains in overseas oilseeds markets, due to lower area under winter oilseed crop. A revival in soymeal export demand also aided the rise in the prices during the week, traders said. »

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CBOT Soy Outlook: Seen Lower On Profit Taking, Outside Markets

Friday, November 20th, 2009

Chicago Board of Trade soybean futures are expected to start Friday's day session with modest losses, pressured by weakness in outside markets and pre-weekend profit taking. CBOT soybean futures are seen starting 2 to 3 cents lower. In overnight trade, Jan »

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USDA Says 734,000 Tons Of Corn Sold To Mexico

Friday, November 20th, 2009

Private exporters reported to the U.S. Department of Agriculture the export sales of 458,750 metric tons of corn for delivery to Mexico during the 2009/2010 marketing year, and 275,250 tons of corn for delivery to Mexico during the 2010/2011 marketing year, the USDA said Friday. »

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